Figure 4-25
Refer to Figure 4-25. Consumer surplus before the tax was levied is represented by area
A) A.
B) A + B + C.
C) D + E + F.
D) F.

Name: Figure 4-25 Refer to Figure 4-25. Consumer surplus before the tax was levied is represented by area A) A. B) A + B + C. C) D + E + F. D) F.
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Question

Figure 4-25 
Refer to Figure 4-25. Consumer surplus before the tax was levied is represented by area
A) A. 
B) A + B + C. 
C) D + E + F. 
D) F.

Quizplus · Accepted Answer

Consumer surplus before the tax was levied is represented by the area under the demand curve (going up to the price) and above the original market price (horizontal line). This area is represented by A + B + C.

Figure 4-25 Refer to Figure 4-25. Consumer Surplus Before the Tax Was